India's JSW Energy rises as Q1 profit beats Morgan Stanley estimates

JSW ENERGY

04/08/2025 05:36

** Shares of JSW Energy JSWE.NS jump 3.7% to 530 rupees

** Stock marks biggest intraday pct gain since June 20

** JSWE top gainer in Nifty Energy Index .NIFTYENR, which is up 0.1%

        ** Morgan Stanley maintains 'overweight' rating; raises TP to 659 rupees from 608 rupees, implying 28.8% upside from last close

** Co reported a 42.23% Y/Y rise in Q1 profit on Friday

** Morgan Stanley says co beats its estimates and street estimates

** Expects 44% EBITDA CAGR over FY25–28; net debt/EBITDA seen peaking at 7.3x in FY27

** JSWE rated "buy" by 16 analysts on average; median target price is 620 rupees – data compiled by LSEG

** Stock down 17.3% YTD VS Nifty Energy  down 0.7% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))